FCI Issuing Lender definition

FCI Issuing Lender a Bilateral FCI Issuing Lender or a Participation FCI Issuing Lender.
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FCI Issuing Lender. (a) a Lender with an FCI Issuing Commitment or with FCI Issuing Lender Exposure, (b) a Person whose FCI Issuing Commitment was terminated pursuant to the terms of Section 2.6(b)(i) but that has issued prior to such termination any FCI pursuant to Section 2.6 that continues to remain outstanding following such termination (for which it has not received a Counter-Guarantee or in respect of which the U.S. Borrower or other relevant Borrower has not provided Cash Cover (or other credit support), in each case as credit support for such FCI (provided that if it has received such a Counter-Guarantee or such Cash Cover (or other credit support) has been provided, it shall continue to have the rights and obligations of an FCI Issuing Lender to the extent provided in Section 2.6(b)(i))), and (c) with respect to the Existing FCIs, a Lender designated as the issuer of an Existing FCI.
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FCI Issuing Lender means (a) a Lender with a FCI Issuing Commitment or with FCI Issuing Lender Exposure related to FCIs, and (b) a Person that has had its FCI Issuing Commitment terminated at the election of the Parent Borrower pursuant to the terms of Section 2.6(b)(i) but that has issued prior to such termination any FCI pursuant to Section 2.6 that continues to remain outstanding following such termination (for which it has not received a Counter-Guarantee at the election of the Parent Borrower in its sole discretion as credit support for such FCI); provided, that, if such Person has received such a Counter-Guarantee, such Person shall continue to have the rights and obligations of a FCI Issuing Lender to the extent provided in Section 2.6(b)(i). Any FCI Issuing Lender may, in its discretion, arrange for one (1) or more FCIs to be issued by Affiliates or branch offices of such FCI Issuing Lender, in which case the term “FCI Issuing Lender” shall include any such Affiliate or branch office with respect to FCIs issued by such Affiliate or branch office. Notwithstanding anything to the contrary in this Agreement or in any other Loan Document: (i) each of Bank of America and MUFG shall only be an FCI Issuing Lender with respect to any Existing FCIs issued by Bank of America or MUFG, as the case may be, and outstanding as of the Effective Date, and none of Bank of America or MUFG shall, for the avoidance of doubt, have any obligation to issue any FCIs under this Agreement; and (ii) on the earliest date on which all Existing FCIs issued by Bank of America or MUFG shall have expired, Bank of America or MUFG, as the case may be, shall cease, for all purposes of this Agreement and the other Loan Documents, to be an FCI Issuing Lender hereunder, and its respective FCI Issuing Commitment shall be cancelled in its entirety.
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Examples of FCI Issuing Lender in a sentence

  • The Foreign Trade Facility Agent shall promptly inform the relevant FCI Issuing Lender accordingly which shall be obliged to use commercially reasonable efforts to issue the FCI on the same day as it receives the Utilization Request (or if such day is not a Business Day, the following Business Day).

  • The assignee, if it is not already an FCI Issuing Lender, shall deliver to the Administrative Agent and the Foreign Trade Facility Agent an Administrative Questionnaire.

  • Each Borrower shall seek advice from the FCI Issuing Lender designated by such Borrower as the relevant FCI Issuing Lender with respect to all FCI related issues during its negotiations of the underlying contract with the potential beneficiary of such FCI.

  • No FCI Issuing Lender shall be required to issue an FCI in any jurisdiction that would impose withholding taxes on any payments in respect of such FCI.

  • In such case, the relevant FCI Issuing Lender shall promptly inform the Foreign Trade Facility Agent and the relevant Borrower that the requested FCI has not been issued.

  • Anything herein to the contrary notwithstanding, none of the bookrunners, arrangers, syndication agents, documentation agents or co-agents shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, the Foreign Trade Facility Agent, a Lender, an Issuing Lender or an FCI Issuing Lender hereunder.

  • In the case of each FCI Issuing Lender, the notification needs to include only the sum of all such fees payable to such FCI Issuing Lender and the respective amounts owing from each Borrower.

  • The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Parent Borrower, shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts of the Loans, FCI Issuing Lender Exposure, and LC Exposure owing to, each Lender pursuant to the terms hereof from time to time (the “Register”).

  • Such FCI Issuing Lender shall promptly inform the Foreign Trade Facility Agent about all changes agreed with such Borrower with respect to a Utilization Request in accordance with this clause (iii).

  • Each FCI Issuing Lender shall notify the Foreign Trade Facility Agent in writing about the amount of all FCI Handling Fees payable by any Borrower with respect to each previous calendar quarter not later than on the fifth Business Day of each calendar quarter.

Related to FCI Issuing Lender

  • Issuing Lender means WFF or any other Lender that, at the request of Administrative Borrower and with the consent of Agent, agrees, in such Lender’s sole discretion, to become an Issuing Lender for the purpose of issuing L/Cs or L/C Undertakings pursuant to Section 2.12.

  • Issuing Bank means JPMorgan Chase Bank, N.A., in its capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.05(i). The Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.